Older workers are continuing to sit on the sidelines

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 10 October 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

So-called “prime age” workers — those 25 to 54 — are working jobs at a higher rate than before the pandemic. But the picture gets more complicated for older workers. We’ll take a closer look. Plus, gas prices have been deflating stateside despite OPEC trying to prop up oil prices. What gives? And later: The U.S. economy remains a bright spot at the annual World Bank/IMF meetings.

Transcript

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0:00.0	This marketplace podcast is supported by West Monroe,
0:03.0	the creators of the award-winning This Is Digital Podcast,
0:06.2	now in its third season.
0:08.2	Each episode features organizational leaders
0:10.7	sharing behind-the-scenes stories
0:12.4	of their digital transformation journeys,
0:15.3	gain insight and inspiration
0:17.4	to foster digital thinking in your own business
0:20.0	and reap the bottom line rewards.
0:22.4	Find This Is Digital wherever you get your podcasts.
0:26.9	That tight U.S. labor market,
0:28.9	you can thank or blame older workers
0:31.9	who opted to hang up their spurs.
0:33.9	I'm David Brancaccio.
0:35.9	First, the Israel Hamas War did spike energy prices
0:39.9	for a day or so,
0:40.9	but the price of crude is easing off today
0:42.9	at $86 a barrel and changed this morning.
0:45.9	That wholesale price is now lower than it was
0:48.9	for much of September into October.
0:50.9	Orcasters see demand falling,
0:52.9	which takes the edge off prices.
	...

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